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of the house john boehner saying obamacare needs to be on the table in the fiscal cliff talks because, quote, we can't afford it. joining the company from washington is tea party founder justin phillips. come on. house republicans are over a barrel. they lost. what leverage do they have in these negotiations? >> you don't have much leverage when your full scrimmage john boehner's freshly laundered white flag of surrender. john boehner has ceded the field to the democrats. he is not even discussing the issue of spending. it is will lead the issue of revenue. there is going to be more new taxes, absolutely right because when we go to the negotiations, john boehner as usual is starting from a position of weakness. if you're going to start from a position of weakness where you have already given up on the spending side of the equation there's only one alternative, taxes get raised. dave: you mentioned spending. i remember 2009 was the stimulus, $800 billion, you can argue forever about whether it worked out all or not but it wasn't a 1-shot deal. we went up $800 billion and then it stayed. it di
've been defeated on this. what has to change is their attitude on this. >> oh, is john boehner going to be pissed when he finds out mitt romney lost the election. if they let him out of that time machine, he might be something. the thing i find humorous about this, as well as about the whole issue of taxes and whether or not we should repeal the bush tax cuts, is that republicans do seem to have decided that the election that just happened didn't really happen. and that they are going to propose pretty much all of mitt romney's ideas as their negotiating starting point. well, we just -- >> we needed paul ryan actually to help get the job done. >> even having paul ryan talk about it. it's amazing. they decided while mitt romney lost the election, his ideas, they think won. i don't know how they get there. >> i feel like what they're trying to do is say, we lost, never mind but we're going to keep doing what we do. if we keep saying it enough, maybe -- >> i read that -- john boehner's op-ed pretty carefully. here's one thing he said. he said there are three ways to take down obama care
through a dance. we had john boehner, for instance, speaker of the house, writing an op-ed saying that health care is on the table which is probably absurd and blatant effort to widen the perimeters, but he is negotiating with two different sides, negotiating with the democrats in the white house but also negotiating with the hard line faction in his own party. he can't look too weak into these negotiations or he won't get the final result passed. >> let's talk about another political story. the resignation of jesse jackson due to health issues and that federal investigation that's been going on for some time now. his father jesse jr. had this to say about his son outside his chicago home yesterday. take a listen. >> he's with his family. and having dinner. and having prayer. of the things a lot of folks are saying here is that if congressman jackson knew as most likely he did that he was going to end up resigning, why not do it a month, six weeks, two months ago and give someone else a >> yeah, he won a resounding victory in his illinois district on election day. he hasn't been r
piece is does john boehner have enough running room to strike a deal involving some new revenue. i still am of the belief that the vote in the house, which will be a cliff hanger no matter what happens amongst the leaders in the white house, it will be a tough vote. i think it will be a democratic buildup than a republican buildup. but there's no doubt that if eric cantor is willing to at least vote on a deal that has new revenue, that that is a huge paradigm shift. and i think that gives us all hope, although there's still a long way to go, that there can be a deal that has the president has said for a long time, a balanced approach. >> but ruth, what are the democrats willing to give, because there are some democrats, some of the more liberal democrats who are saying let's go over the cliff. that gives us more leverage. >> there's extremes in both parties that say let's go over the cliff. grover norquist was saying it the other day. i just want to -- before we get to the democrats, i want to be debbie downer for a minute on the republican side. i totally agree with mark. we're hearing
negotiations are off to a bumpy start. house speaker john boehner wrote an op-ed yesterday calling for the president's health care law to be part of the fiscal talks. the white house told the "huffington post" the president opposes that. joining me now from washington, nbc white house correspondent kristen welker and neil irwin. welcome to both of you. happy holiday. >> happy holidays, alex. >> kristen, politico said the negotiations are off to a rough start. what do you see as the likelihood of a deal before the end of the year? >> alex, i think they are off to a relatively rough start. president obama expected to invite congressional leaders back to the white house next week after the holiday, but it seems at this point aides are trying to hammer out the beginnings of the deal. republicans seem to be digging in their heels on the issue of taxes, saying they don't want to see the bush era tax cuts expire for the wealthiest americans. of course, that is something the democrats have been adamant about. so they're stuck on this old issue of taxes. and also stuck on the issue of entit
and house speaker john boehner talking on the phone saturday. are we any closer to a deal? and it is a bird, it is a plane. nope. it is your social security number, it turns out more than just balloons in the sky at this year's macy's thanksgiving day parade. the crazy details of this one just ahead. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. melissa: so, talk about raining on your parade, literally. thousands of pieces of confetti rained down on the macy's thanksg
at the staff level. apparently he called and he talked to john boehner on the phone. they had a deal almost. once before. i think the outlines of it will be revived and they have to figure out how to structure it. some down payment by the end of the year. some instructions to the tax write-in committee about how much money you will get out of revenue, entitlement and spending. then they can go forward. it really do think that the basic structure of this has not been blown up. >> bret: steve? >> yeah. i mean, i don't have a problem with the president making his case in philadelphia. that is fine. he is the president and he is entitled to do that. i have a problem on the emphasis on taxes and re-knews. that is all we have had a discussion of at this point. the way to solve our long-term debt issues as everybody in this entire town knows is by reforming entitlements. there has been so little discussion of reforming entitlement to this point, very little of it in public. back when they had negotiations the first time, the president wouldn't put anything out on paper. now you're having calls fro
or, b, limit deductions. but you know what the speaker of the house said the other day, john boehner, he said he's willing to do the latter. now you just saw what chambliss said. so is the era of grover and his you ubiquitous pledge over? >> no. i think grover deserves a great deal of credit for keeping that pledge to the american people and holding republicans' feet to the fire. gregg: is it over now? >> no. we have a different set of circumstances. perhaps what the democrats should have had is their own grover norquist on spending, and we wouldn't be in the mess we find ourselves in. but here's the reality, gregg.me for the status quo. nothing's changed since two months ago. we have basically the same makeup in government. obama controls the white house, we control the house, democrats controls the senate. but guess what? the american people don't expect a status quo in governance. gregg: there's a recent rasmussen poll and, juan, i want you to take a look as well, 57% agree that raising taxes on those making more than $250,000 a year is a good idea. can you put that up on the scre
relief with just two pills. >>> 12 minutes past the hour. house speaker john boehner says nothing is off the table to avoid that fiscal cliff, including obamacare. automatic cuts will start january 2nd if an agreement isn't reached. he said in an op-ed, we can't afford it. and we can't afford it to leave it intact. that's why i've been clear that the law has to stay on the table as both parties discuss ways to solve our nation's massive debt challenge. >>> a special election following jesse jackson jr.'s resignation from congress. jackson says he needs to spend time, quote, restoring my health. jackson mysteriously disappeared from capitol hill in may and his office later revealed he was dealing with depression and had been diagnosed with bipolar disorder. health concerns aren't the only thing jackson is facing, though. ted rowlands is in chicago. good morning, ted. >> reporter: good morning, carol. yeah. well, the health concerns are significant. he had two stints at the mayo clinic. talking to family members, that was the main reason why he just couldn't move forward. and he gave his l
reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost 1,600 points in the markets. it took us a lot longer time to come back and recover. i sat there and stared defeat in the face. we can't do it now. the markets will respond to certainty. that's what congress needs to give american business and american people. certainty about taxes. certainty about spending in congress and certainty about our commitment to lower the debt. >> how do you argue that you are considering all elements of reform if in fact you're going to stick by the norquist pledge. is there anything wrong with as senator graham has said with saying i made that pledge back then but my job is to be a senator
. that is just moments ago. we'll play for you what john boehner had to say about that. we'll talk to a key democrat about why the party doesn't want to deal on that front, all that. bill: you've got to wonder if it's not a part of the deal how does it pass the house. also republicans now countering the controversial d.r.e.a.m. act for young illegal immigrants. they have a plan of their own and one of the bill's cosponsors is live here to explain that moments away. martha: yes, she is. [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. bill: breaking news from the hill moments ago. republican leaders on the house putting their cards on the table when it com
want to see congress work together on this. president obama says he wants to. john boehner says he wants to. there you have the titans of industry in new york with their rich, mahogany furniture all saying we need to solve this crisis. yet here we are a few weeks away and we're still both sides sticking to their negotiations. there hasn't been a lot on what specifically would you do. this is going to be tight. >> it's going to be tight and everybody should brace themselves before the fiscal cliff comes the fiscal roller coaster and it's going to look dark before either it's totally black as senator mccain likes to say or before it gets done. my bet actually is on getting things done, but i have to say what's depressing about listening to chairman bernanke is how many times we've heard those words before about the last fiscal crisis, whether it's debt ceiling or something else, it really is time for congress to show it can get something done. >> this seems to poll very well, this bipartisanship. you know it. how come there's such difficulty both sides really not willing to nudge off
john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth.
that the problem is that you have john boehner, president and mitch mcconnell negotiating with the exact same congress that they had when they couldn't make a deal the last time. so i think until the personnel change, i'm not sure you can get a deal. >> and juan kessler, the fact checker for "the washington post," has reported that, you know, you have to come from, like, some point point. you have to have a negotiating point to start with. he said democrats and republicans haven't even agreed on a baseline yet. they're about $3 trillion apart because of ending the wars, medicare, other cuts. so how do you come to some agreement in what is a numbers game really if you don't even have a number to start with? >> i think one of the things we'll see happen here is the idea of a grand bargain, of one deal that gets all this stuff averted between now and -- it's not going to happen. it doesn't seem that there's anything that would suggest that they'll be able to get to that point of putting this all together into one deal. so what will happen is they'll figure out some solution that gets us past the
speaker john boehner. he wrote, "over the past several months as my health has deteriorated, my ability to serve the constituents of my district has continued to diminish." the drama around jackson began this summer when the congressman disappeared for weeks. the public, even members of his staff, didn't know where he was. finally, in late july, the mayo clinic revealed jackson was being treated there for what was later diagnosed as bipolar disorder and depression. his famous father uncharacteristically quiet about the matter. >> the fact is, the congressman is under medical supervision and is right now regaining strength. >> reporter: jackson was released in september, then readmitted last month. his return to the clinic came amid reports that the congressman faced a federal investigation into the potential misuse of campaign funds, including allegations that jackson used thousands of dollars to redecorate his washington, d.c. townhome and that he used $40,000 to buy a rolex watch for a female friend. even so, jackson was easily re-elected to the house just a few weeks ago. even though
. >> reporter: in his letter of resignation to speaker of the house john boehner, jackson wrote, "my health issues and treatment regimen have become incompatible with service in the house of representatives." the son of civil rights leader jesse jackson, jackson, jr., mysteriously disappeared from public view last june. it was later revealed he was undergoing treatment for bipolar disorder. jackson was reelected earlier this month, though he did not actively campaign, recording only a single message for his constituents. but his health may not be the only factor in jackson's decision to resign. for more than a year, the washington field office of the f.b.i. has been investigating the possible misuse of campaign funds, according to federal sources, who say discussions about a possible plea deal began in just the past few weeks. today, for the first time, jackson acknowledged that investigation. a plea deal does not appear to be imminent, jeff. late today, jackson's lawyers put out a written statement in which they said, "we hope to negotiate a fair resolution of the matter, but the process c
campaign funds to buy jewelry for a mysteries and remodel his house. in a letter to speaker john boehner he said i am aware of the on going federal investigation into my activities. i am doing my best to cooperate with the investigators and accept responsibility for my mistakes. they are mine and mine alone. none of us isee tune from our share of short come eupblgs or human frai hume trail tees. gregg: explain what happens to his seat. >> reporter: we expect to have a date for a special election in four days. pat quinn will make sure th the election is fair and as economical as possible for the taxpayers who have to foot the bill. that being to you. gregg: thanks very much. ainsley: back to the breaking developments an on benghazi. ambassador susan rice breaking her ten-week silence and defending her actions. when she said the attacks came from and anti-muslim film. >> i relied solely and scare leon the information provided to me by the intelligence community. i made clear that the information was preliminary, and that our investigations would give us th the definitive answers. ainsley: joi
. house speaker john boehner sending an ultimatum to the president saying his healthcare plan has to be on the table as congress works to avoid a fiscal cliff. >> a new report of the death of usama bin laden reveals shadowy details of the at-sea burial of the world's most wanted terrorist. a cloud hanging over excited shoppers on black friday as workers at the nation's largest retailer get ready for a possible walkout on the busiest shopping day of the year. heather: we can see groups of walmart employees demanding higher pay and better benefits and urging employees to walk out if the demand are not met. with the national labor relations board holding off on a ruling until after thanksgiving, it looks like thousands of shoppers could see serious disruptions. james rosen live for us in our d.c. bureau. >> reporter: heather and rick, happy thanksgiving to you it's an unusual situation when walmart seeks protection from the national labor relations board. that agency was only handed this case last friday. federal investigators have been deposing witnesses and reviewing documents in a
for boost®. >>> house speaker john boehner says the country can't afford obama care. joining me for today's strategy session our cnn contributor and democratic strategist donna brazile and senior kriblt tor and editor and chief of redstate.com, erick erickson. thanks for coming in especially on the day after thanksgiving. erick, i want to begin with you. house speaker john boehner wrote this "we can't afford to leave the president's health care law in tact. that's why i've been clear the law has to stay on the table as both parties discuss ways to solve our nation's massive debt challenge." where after this election does the house speaker if you will get the political capital to take this tact? >> well, at first, i have to point out, it's not just the day after thanksgiving, this is during the lsu game that donna and i are here. >> go tigers. >> arkansas. yes, the big game. now as to john boehner, the issue here is many of the states are opting out of state exchanges. there was a quirk when they passed the law nancy pelosi said you have to pass the law to find out what was in it, what was
place between just two people: house speaker john boehner and the president. boehner and the president spoke by phone on saturday, agreeing not to share details. but senate republican leader mitch mcconnell said today the g.o.p. wants the president to make the first move and issue a proposal to raise tax revenue and cut spending. >> this he's the only one who can lead his party to do something they wouldn't ordinarily do. to do what's actually needed now. >> reporter: prominent republicans are signaling they're now flexible on increasing tax revenue, with a few in the house and senate distancing themselves from that no tax increase pledge that many of them signed, a pledge created by lobbyist grover norquist. house majority leader eric cantor, senator lindsey graham of south carolina and senator saxby chambliss of georgia all said there could be an increase in tax revenue if democrats agreed to controlling the cost of medicare and medicaid. >> there's a right way to do this and there's a wrong way to do it. but at the end of the day, nancy what's got to happen is whoever's right or wro
speaker john boehner and has said he's willing to put almost anything on the table except social security. he wants to deal with that separately next year, but republicans want all entitlements included in talks. they want the president to make the first move with an initial proposal. and the white house says it has not received a realistic proposal from republicans that would raise the kind of revenue president obama is seeking. >> susan mcginnis in washington this morning. thank you so much. >>> amid sky high approval ratings in the wake of superstorm sandy, new jersey governor chris christie said he will be seeking re-election next year. he said the preliminary damage from sandy is nearly $30 million. christie says he's in it for the long haul to help jersey recover. >>> coming up on the morning news, click and shop. cyber monday rings up record sales on what's expected to be the busiest online shopping day of the year. this is the morning news. [ female announcer ] born from the naturally sweet monk fruit, something this delicious could only come from nature. now from the maker of spl
the president has to say today? >> reporter: speaker john boehner just had a news conference on capitol hill and he expressed frustration because he is saying look, republicans put some tax revenues on the table but what they see the democratic side trying to pull entitlement reforms like medicare off the table. john boehner basically saying he thinks the spending situation is sort of a freight train that is coming at the nation right now. republicans senator mitch mism the leader in the senate -- mitch mcconnell blasted the president of saying he is doing is too much campaigning and not governing. take a listen. >> it is over. he won. congratulations. we have a hard deadline here however. and it is still, he is still out on the campaign trail, kind of celebrating. this is the problem. if the president really wants to reach an dwreechlt he needs to be talking with members of his own party right here in washington trying to broker an agreement, not out there firing up crowds and giving speeches. >> reporter: now the bottom line when you listen to comments like that it is pretty clear both sid
said that both spending cuts and new revenue need to be on the table. house speaker john boehner said that obamacare should be fair game, also. we have a former rnc spokesperson and dnc spokesman. great to see you both. there is a lot of finger-pointing and blame. but the fact is, enough people voted on what has gotten us to this point. who steps up at this point? and has a chance to show leadership and get something done? >> i think the president is in the right position to do that. i am a little bit worried about speaker boehner's position, that's what the op-ed, saying obamacare should be on the table. one, the congressional budget office took a look, if you repealed obamacare entirely, it would cost $109 billion. so i don't think the speaker's put it on the table because it helps, i think he put it on there for positioning. but there is a problem there. the american people have had this debate. mitt romney maid the case that obamacare should be repealed and said it would be the first act. he made that case forcefully, in debates, ads, throughout the campaign. 40% of america greed
with changes to medicare and medicaid. so you have republicans like john boehner the house speaker saying you can't just make tax changes in the short term and promise down the road you will cut spending, you will reform medicare. this is where the debate is headed. both parties are split even more than we have seen with this development. you have the white house suggesting they want to deal with the tax part of this. and the republicans saying let's see the spending cuts. megyn: i don't see -- what would make the republicans in terms of just a sheer bargaining power. what would make them agree to tax hikes on the rich if they didn't get spending cuts? it's the one thing they don't want and they are holding sort of those middle class taxes and the other side they are holding them hostage, right, the democrats say that. but they are sort of holding out -- we are not going to raise tax for anybody until we get our spending cuts. >> reporter: jay carney in one of his other answers to a question suggested the pressure on republicans and everyone, is that there is a deadline on the so-called fisca
in elections in years to come. i think that they realize from john boehner the speaker of the house to mitch mcconnell somewhat in the senate. on down, that the kinds of extreme policies that we saw in the republican primary, mitt romney, rick santorum, michele bachmann et cetera those policies are not going to win over hispanics. they're not going to win over asian americans. >> jennifer: you are not going to see i predict a super pac that is a pro-choice republican super pac though, right? that's an issue they won't touch. >> i believe that abortion is an issue that they will not touch. they -- they saw what happens when you anger women voters in this country independents, republicans and democrats but abortion i think -- the republican party is not there yet. i don't know if they will ever get there. >> jennifer: well instead of republican moderates, shouldn't we just issue democratic cards to the membership, cards to the democratic party? i don't see how they're going to do it. you have mayor bloomberg's super
submitted today to house speaker john boehner's office. but he also wrote, quoting here: i am aware of the ongoing federal investigation into my activities and i am doing my best to address the situation sonsably, cooperate with the investigators and accept responsibility for my mistakes for they are my mistakes and mine alone. mike tobin is live for us in chicago with more. mike, did this come as a shock to anyone? >> no. for the reasons you just mentioned, no one was surprised that the congressman stepped down. in fact it was a question of when it would happen. however, fellow politicians and friends here in chicago were quick to jump to the congressman's defense and say his resignation is not an admission of guilt. >> he hasn't been indicted. he hasn't been charged. he hasn't been convicted of any law -- breach of the law, none at all. all right. some would argue that if he really wanted to cut a deal, you stay in congress and negotiate from a position of power. some would argue that. >> the most prominent allegations reported against jackson are that he skimmed campaign cash to
or a republican, this should be priority number one, it's when john boehner had the new freshman tea partiers come in in 2010 and facing the debt ceiling, he characterized the first adult moment for the new freshmen congressmen and i think this is the second adult moment. can we get beyond party politics and rigid ideology and come with a compromise that will benefit the american people? we need both to look seriously at spending cuts and revenue generation for the country right now. >> all right, so let's-- >> and let's put a couple of ideas on the table and angela, i'm surprised you would say obamacare should not be on the block, and what do you think should be on the block? what kind of-- if we're talking about spending here, where would you want to make cuts, angela? >> well, first of all, we should cut the wasteful spending that we have with the department of education, with the department of energy, i can go down the list, but rick, the reason why i don't want obamacare on the table. it will politicize this process, in 2010 congress had referendum on obamacare and that's why the republicans
had shown up at the office of house speaker john boehner today to begin negotiating, jay carney said he could not account for secretary geithner's precise whereabouts. shep. >> shepard: james rosen live at the white house. thanks. worries about the so-called fiscal cliff are not doing much good for our 401(k)s. stocks were down today. the dow lost almost 90. nasdaq fell 9. s & p 500 down 7. analysts say investors are concerned about whether these lawmakers will get together and reach a deal. those worries overshadowed a couple of positive developments. gerri willis is here. we got a report showing that americans are, i don't know, feeling better and so much of this is about how we feel about the economy. >> oh, yeah. that's right. investors may not like it, but consumers love it. their confidence, the highest level in many, many months. still below 90, which is really the point at which you see a really strong and robust economy. but the fact that consumer confidence has been doing so much better, it's very important. now, here is possibly a source of their optimism. 20% of consumers
and dennis kneale, i love you guys. aids activists strip down outside john boehner's office yesterday. they were promptly arrested, protesting cuts to the medicaid. do you think this was an effective tactic? what do you think? >> what's next, lap dances from diabetes sufferers? what bothers me is every group that worries about cuts can go protest. at what point do they say i realize we have to cut back somewhere. >> that will never happen. never. >> i'm more concerned about getting naked in front of boehner. no offense, mr. speaker, but, oh. the spray tan? >> they do not look spray tanned. >> they did pick some of the more attractive -- >> i have to say, you know, i think you need to -- >> 35% of the people should be obese, but they are not. it's not representative. >> next-under-par, a web entrepreneur lawns -- launched a dating site for travelers. meetattheairport.com has 20,000 members worldwide. >> all of them are men. men are the only ones who would want a short term meeting in an airport. >> scary. >> i love the idea. i think it's great. because what are you going to do in the a
in john boehner putting together a good package. he is very conciliatory in his language. >> i do am opposed to raising tax rates but i do believe we can close loopholes. >> they have to go up real tax rates or effective tax rates. there are ways to do that. secondly we have to close significant loopholes. martha: all right. what are we hearing here? are he starting to hear a little bit of common ground? a high level meeting as you just heard on the fiscal cliff is expected this week at the white house with the president getting involved. nobody knows exactly when that will take place and who all of the players will be. we'll talk to senator sessions. bill: listen carefully on the language as we work through this. nearly all americans will see their taxes go higher if congress does not reach a deal by the 1st of january. 158 million americans would be affected. every household in the country would pay 3500 more in taxes in 2013. 88% of households would see their taxes rise. martha: even the white house is warning that the uncertainty of a potential tax hike could hurt american retail
speaker john boehner said he would prefer closing loopholes and tax deductions rather than raising rates. martha: thank you very much. bill: the budget negotiations with congressional leaders started a few weeks ago with president obama barack obama calling for $1.6 trillion in additional tax revenue over the next decade. treasury secretary timothy geithner argues that you cannot raise enough revenue to reduce the deficit by only limited tax breaks as some republicans argue, some senior republican aides they say believe a likely compromise would generate about a trillion dollars in new tax revenue possibly by limiting the deductions. martha: part of this whole equation. any future spending cuts should come gradually warned the global economic watchdog so as not to derail the already weak recovery. the group predicts the economy will grow a bit next year but at a slower rate than originally thought. we are really in a very slow growth pattern. they are projecting 2% next year compared with 2.6% which was the forecast from a few months ago. that kind of gross does not get you up off the ma
moore, editorial board, good morning to you, steven. >> hi, good morning. >> john boehner is clear, he does not want to raise rates, he wants to give in if at all on deductions and write-offs saying they can essentially write off the same amount for the treasury, what should republicans do here? >> it's an interesting dilemma the republicans find themselves in, dave. most of them, as you know, have taken this no tax pledge, which is the pledge to voters that they won't raise taxes on anybody, and so, now president obama is saying we're going to raise the taxes on the rich and he won't sign any bill that doesn't have a tax increase on the rich, so, the two parties are still at logger heads. i personally think given the still fragility of this economic recovery, the economy still isn't sputtering on one cylinder now, and high unemployment. it doesn't make sense to me to raise taxes on businesses or investors. that's where we stand right now. i don't see an agreement anytime really soon because the two sides are still so far apart. >> i'm a betting man, steven, would you imagine that the
with house speaker john boehner, and they talked about a great phone cal, courteous phone call, they say, but that aides talked about how each side talked about the importance of not making all these public statements so that each side could have room to negotiate. if there's movement being made, we don't know that yet. athena jones, thank you very much. >> coming up in about ten minutes your brain on the fiscal cliff. don't worry. there is a cure. >>> speaking of a whole lot of money, the powerball jackpot is now the largest many the game's history. an estimated $425 million. even though no one won last night's jackpot, people in eight states won $1 million prizes for matching five numbers. the winning numbers were 22, 32, 37, 44, 50, and the powerball was 34. it was the 15th drawing in a row with no jackpot winner. the next drawing wednesday night. >>> clashes on the streets in egypt. anti-government protests sparking outside the capital. now a call for millions to take part. we are live in cairo. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet.
following the election, house speaker john boehner himself came out and said, we're willing to consider revenues as long as it's not done by raising rates. and so in some ways, the republicans have kind of made clear over the last several weeks that they're willing to move away from this pledge, fredricka. >> so does that help make some lawmakers and the administration feel rather optimistic that they will indeed be able to reach a deal in the next few weeks? >> well, certainly everyone's saying that they're optimistic. you'll remember that meeting that congressional leadership had with the president the friday before thanksgiving, leaders from both parties and both chambers met with the president. coming out of that meeting they said lots of positive things, said it was constructive. everyone knows where each side stands. i know we all know there's been work that's being done behind the scenes. the real question is what's going to happen in the immediate future? and also, when is congressional leadership going to meet with the president again? those are the things we're looking out for
's talk raw numbers here. at the end of the day you have to find 218 house members. and in the past john boehner has said and, oh, by the way, his election is after the fiscal cliff. that happens a couple days after the fiscal cliff. so all of this maneuvering is complicated. to get to 218 he has said he wants a majority of the majority, which is approximately 120 republicans, so then you have to find some nearly 100 democrats to do this as well, and if that has social security and medicare in it, can it happen? >> you are not going to have a deal that only has taxes and doesn't do anything about entitlements. that's not acceptable even no those who indicated they would defy the mythical grover norquist. so maybe not social security but medicare and medicaid, it's hard to believe you don't have a deal that includes those as well. what do we have in a compromise? no one is happy with it and everyone thinks it's important enough to go ahead and do. >> brad, very quickly, will boehner be willing to go to the floor without the majority? >> i think boehner will negotiate the best deal he can
are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senators lindsey graham, saxby chambliss, congressman peter king among other republicans who said they'd be willing to break away from grover norquist's anti-tax pledge. will you say if you're willing to break that pledge in order to save the country from the fiscal cliff. >> hello, thomas. and first of all, i signed that
public pressure on republicans to support his plan. how speaker john boehner is pushing back. today his office released a statement saying the target of the president's rally should be the congressional democrats who want to raise tax rates on small businesses rather than cut spending. the white house in the meantime defends the public campaign and told chuck todd within the last hour it's doing all it can to strike a deal as soon as possible. >> isn't everybody just killing time until the deadline comes? >> no. it doesn't seem like killing time to me, chuck. >> it's the final week and the jet fumes and people get out of school and people will hammer it out? >> he has not waited for people to start smelling the jet fuels at a national airport. he's active ly put forward a plan. >> another issue, how to get to the 218 votes needed to get a deal through the house if both parties are claiming a mandate. here's the challenge aaccording to our first read team. take a look. 205 house republican incumbents ran for re-election. 93% of them won. what's more, 117 of them won by getting at least 6
to house speaker john boehner just a little more than two weeks after winning re-election. and an extraordinary moment in basketball. a great game would be a player scoring in the high double digits. but what about scoring in, get this, the triple digits? that's what grinnel colleges jack turner did. his teammates kept passing him the ball. grinnell college sophomore jack taylor kept sinking it. again and again and again. 138 points against faith baptist bible college topping the national record that has stood for more than five decades. >> coming into the game, my teammates and my coaches wanted to get me some more shots to try to get my confidence going before we enter conference play. and so i knew i was going to get a few more shots than usual. >> at halftime he had 58 points. his second half even better with 80 points. >> there's a point in the second half where i hit seven or eight threes in a row on consecutive possessions. and at that moment i kind of knew something special was happening. >> taylor thanks his teammates for their unselfishness, but you can
not to raise taxes. plus, house majority leader john boehner sounding more and more like republicans won't be easily won over during tax talks. the mering fiscal cliff next. >>> and it was a normal thanksgiving morning until this multi-car wreck. how some 100 cars collided in texas. >> it was just a kmpl seconds, chain reaction. crazy. flashed right before my eyes. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. >>> a lot of people in texas say they are lucky to be alive today. that's after this massive
't they have to be reformed or modified? >> i think the john boehner and mitch mcconnell are going to have a tough sell in front of the american people and a reason why paul ryan was a pretty unpopular vice-presidential candidate. people do not want to cut those programs. >> gregg: and during the 2008 presidential debate, the president promised and i looked it up and double-checked it today, he promised that he would have entitlement reform accomplished and put forth by the end of his first term. hasn't done it. why not? >> well, i think we need to talk about smart cuts first, and what that means is getting rid of waste and fraud and abuse. it means getting rid of these things. >> gregg: he's breaking his promise, isn't he? >> i don't know that that's right. i think when we talked. >> gregg: i watched the debate today, they had a clip. >> sure. >> gregg: of it on youtube, you can take a look at it. and there are 258 americans signed onto the grover norquist pledge never to quote for a tax hike, closing tax loopholes. speaker boehner says i'm willing to break it and do the latter on deducti
norquist has had the republican party enthralled for the past 20 years. john boehner, tom coburn, even former president george bush, the first president bush, have basically said who's grover norquist? and they're right. jon: democrats, monica, have said president obama campaigned on this idea of raising taxes for couples making over $250,000 a year, and he won. therefore, that's what the country wants. >> well, look, this is not about grover norquist. this is about the path that the republicans should be taking. look, there are two key, core, sacred principles at stake here at play for the republicans. one is not to raise taxes and the other is cutting spending. if senator chambliss wants to go down the road with the democrats, he's welcome to it, but there will be a price to pay, especially in the very conservative state of georgia. he will likely be primaried and likely lose -- jon: you think he gives up his seat if he goes for this? >> probably, because he is in a conservative state. but remember, the problem here is not a revenue problem. the democrats have dominated the narrative
this really is taxmaggedon. >> you heard it there, maria. house speaker john boehner says that he wants obama care on the table in this fiscal cliff negotiation. the president has said he's willing to thereon any good ideas. i'm not sure if he's going to think this is a good idea. you think he might listen to this one? >> i think he'll listen, but i think at the end of the day, it's going to be what are in the details. i think what we need to remember, what came out of this election, the clear mandate of this election was two things. number one, for our leaders to come together in a bipartisan manner to put everything on the table, to find real solutions. number two, that the majority of americans agreed with president obama's vision of one of the ways to fix the fiscal cliff had to be to put new revees and to raise the tax rates of the wealthiest americans. president obama won eight out of the ten wealthiest counties in this country in this election, randi, which means even the wealthiest understand they have to put some skin in the game. so i think that going into this, i applaud senator ch
it out. hey, did you see john boehner, how they killed their turkey? they pushed him off the fiscal cliff. >> hostess brands may be going under which means the likely end to those iconic snacks most people love, the twinkies and ho-hos. >> so, of course, david letterman had something to say about it. >> when i was a kid, my mom used to give me the twinkies, and i would get them for lunch. she would put them in my lunch pail, and they were so delicious because back then they used actual organic ingredients. and they were so tasty, and i remember every single bite of those delicious twinkies, and then years later i remembered every single minute of my open heart surgery. >> next hour of "cnn saturday morning" starts right now. >> good morning, everyone. i'm randi kaye. >> and i'm victor blackwell. 9:00 on the east coast and 6:00 out west. thanks for starting your morning with us. we start in egypt where anti-government protests are much smaller today than they have been the last couple of days. demonstrators are upset over president mohamed morsi's expansion of his own powers. the country's
to actually bring a vote up to in the senate. i believe that john boehner is ready to work with them. address the higher immigration immigrants. we need engineers and doctors in this country. right now our policy is shipping here to be educated and then back home. >> heather: and they did make it clear after the election they were ready to get serious about overhauling the nation's immigration system, republicans, that is, and top priority for hispanics. so is taking up the stems jobs act in the lame duck session a first step in that direction. >> if you remember the great movie what about bob? the way to successfully rehabilitated go yourself was baby steps. what this congress and this president i believe need to do is taking baby steps together. i think the stem act is something that most people in congress and most people in the country agree on. i hope they can come together to get this done. >> heather: do you think they will come together and that part of immigration reform a small step will pass? >> i think they have to come together. whether you piecemeal it or do an overhaul. you can
they are likely to get a big deal. it seems that republicans leading on this, like john boehner, like lindsay graham frankly, they're signaling they want to have a big deal. think in the coming three months or so, we'll probably see something pretty big from them. >> doug? >> i agree. i think that they are going to do a bit of a kick the can. but in the interest of getting a deal that people can live with and selling it well, the president is getting outside of washington to go to the american people on this. he needs time to do that well. so i don't think kicking the can down the street is a bad thing, it might help them accomplish something. >> back in a moment, everyone, with everyone's must-reads. s ar. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at eucerinus.com. >>> we're back with the big three. it
of the house john boehner and the president both know what happens in the future for them in what they're doing will be made much harder if they can't demonstrate they have the will now to at least get a framework deal together. that is just the way that that is. but the problem that they face is that very liberal democrats and very conservative republicans are going to look at them and say, if it is not a good enough deal we're willing to go off the cliff even if what that means most americans suffer a consequence, whether it is in the things that you described or in their 401(k)s as markets plunge. megyn: what happens to, what happens to the money that gets collected? looks like somebody will pay more in taxes whether it is the rich or rich first and then others, you know, once they start to tax one group historically others are not immune. >> well --. megyn: where does the money go? does it all go to the deficit, or to the debt? >> no. megyn: because we, a lot of americans think, all right, i want to help my fellow citizens and i don't like this national debt but you know who i don't want to
. and that would not be good, but speaker of the house, john boehner along with mitch mcconnell represents republicans at the negotiating table, says he's open to finding the federal government more ways it take in money. >> to show our seriousness, we'll put revenue on the table as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table. for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. but, just because speaker boehner says he backs new revenue doesn't mean we should expect him to suddenly support a big tax increase for the wealthiest americans. >> president obama wants to let the bush era tax cuts expire, so, the top marginal tax rate would rise from 35% to 39.6% and that's going to be a major sticking point in the next month or so, but a month might be all it takes to make a deal because the senate majority leader harry reid seems to think that something can be done by mid december. >> we have a cornerstone of being able to work something out. we're both g
but that will happen. the market will be going up and down on small indicators. is john boehner smiling or frowning today? we'll have a lot of volatility for the next two or three months because i do think it's going to be two or three months. i think this is going to go into january. i think close to a 50% chance we'll go over the fiscal cliff temporarily. the market won't react well to that so it's going to be very, very bumpy couple of months here. >> that said, seasonally, i was told not too long ago, the period between thanksgiving week and december 3rd, the past 20 years has been positive for stocks for 17 of those 20 years. is there going to be any kind of hope for a santa claus rally here, michael? >> i think there is. that's simply because pessimism has reached a level of extreme that historically has led to higher markets over the next three months 81% of the time. the average market gain when pessimism has gotten to this low a level has been about 7%. i think when you look at the basic, you know -- we have three rules to guide our tactical trading. don't fid the fed. obviously on our sid
's stupid. >> john boehner said no rates are going up two weeks ago. >> so the other one is total gridlock, which looks possible at this point. >> then you get a fiscal cliff scenario. that's when those cuts actually kick in and there is no other way to say it. it will be pretty bad. you'll get tax increases and budget cuts. some fiscal conservatives would say that's the economy, which is only growing at 2%, would take such a jolt. i think the markets could do down below 10,000. >> your third scenario would be a grand bargain. what would that look like and would this be good for obama's legacy? >> it would be great for his legacy. he believes his legacy is about fairness. one of the things he has run on, follow him economically, i'm very concerned about it, is this notion of tax fairness. that the rich have gotten richness while the poor have gotten poorer. there are statistics that back that up. but he doesn't really take into account the economic impact of raising those upper rates. it's more than upper rates that he wants to raise, it's taxes on dividends, capital gains to pay for obam
some other republicans. >> this is quite the tight rope for a lot of republicans. even john boehner was reticent in saying, okay, i'm ready to raise taxes. he still is talking about maybe the health care reform act taking some sort of hit. but then therein lies the question that so many americans, they want to see a compromise. what is it going to take? what is going to be the area where either side is willing to compromise? >> well, i think republicans are going to want to see some real spending cuts. the situation has changed. we are in an untenable situation, spending so much more than we're taking in. right now, when you look at president obama's proposed spending cuts, a lot of them are leisure. they're cuts in there, for example, that are already agreed upon. in other words, we already have. so you can't really count those. there are other things he called spending cuts which are for wars we're not going to fight. he's going to save a trillion dollars not fighting wars that we're not going to fight anyway. so that's like me saying i'm going to give you a trillion dollars, no,
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